Oxford Lane Capital Corp. (NASDAQ:OXLCN) Short Interest Update

by · The Markets Daily

Oxford Lane Capital Corp. (NASDAQ:OXLCN – Get Free Report) was the recipient of a significant decrease in short interest during the month of June. As of June 30th, there was short interest totaling 1,225 shares, a decrease of 70.6% from the June 15th total of 4,173 shares. Based on an average daily volume of 1,856 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Investors Weigh In On Oxford Lane Capital

An institutional investor recently bought a new position in Oxford Lane Capital stock. Karpus Management Inc. acquired a new position in Oxford Lane Capital Corp. (NASDAQ:OXLCN – Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 603,268 shares of the company’s stock, valued at approximately $14,659,000. Oxford Lane Capital accounts for 3.0% of Karpus Management Inc.’s investment portfolio, making the stock its 11th biggest holding.

Oxford Lane Capital Stock Performance

NASDAQ OXLCN traded up $0.15 during trading hours on Friday, hitting $24.72. 2,721 shares of the company’s stock were exchanged, compared to its average volume of 3,173. The business’s 50 day moving average is $24.80 and its 200-day moving average is $24.57. Oxford Lane Capital has a 12-month low of $23.93 and a 12-month high of $25.10.

Oxford Lane Capital Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, August 31st. Stockholders of record on Monday, August 17th will be paid a dividend of $0.1484 per share. The ex-dividend date of this dividend is Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%.

About Oxford Lane Capital

(Get Free Report)

Oxford Lane Capital Corp. (Nasdaq: OXLCN) is a closed-end management investment company that is structured to offer publicly traded notes on the Nasdaq Global Market. The firm’s principal investment objective is to provide investors with a high level of current income, with a secondary objective of capital appreciation. By issuing senior unsecured notes under the OXLCN ticker, Oxford Lane Capital seeks to deliver predictable cash distributions to noteholders through its diversified investment portfolio.

The company primarily allocates capital to senior secured loans and equity securities of privately held and thinly traded companies, as well as public small- and mid-cap issuers.

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